Managers of Wealth Offshore

Regulator quits advisory panel after conflict of interest complaint

Mathew Beale, who also owns a firm that provides regulatory advice, was one of many islanders to raise concern about the unpaid appointment.

Increased Demand for Third Party Irish Management Company Services as Regulations Change

With a continued evolution in requirements for self-managed funds, new and existing investment managers are now subject to important changes.

Central Bank of Ireland Enforces €1.6M Fine for Cyber Security Failures

The regulatory investigation arose from a 2014 cyber fraud incident perpetrated on BOIPB resulting in a finding that BOIPB had not applied adequate cyber security arrangements.

Transfer by way of continuation out of the Cayman Islands

The Registrar will grant the deregistration as of the date the documents are filed, provided that all documents are in order

Carey Olsen partners discuss transparency on latest episode of Stephenson Harwood's private wealth podcast

The episode British Overseas Territories adopt public ownership registers – is this the end of privacy as we know it?

Swiss media report fingers Martinellis in bribery expose

The judge in Bellinzona, however, ruled that it was up to the judge in Spain to decide whether the documents show a relevant criminal connection.

New Cayman Islands Economic Substance Guidance Notes

The key change to the Guidance Notes was the inclusion of detailed sector specific guidance for each of the relevant activities.

Jho Low had a habit of 'masking' offshore company names to sound like established companies, court told

The issue came about as Wan Aizuddin was questioning Shahrol on Abu Dhabi Malaysia Investment Company (Admic) Ltd, a company which was originally registered as Malaysian Abu Dhabi Investment Company (Madic) on March 5,2013.

Businesses reminded to get ready for disability legislation

LAW is advising businesses that while it is their responsibility to make changes as soon as they become aware that an employee has a disability, they should not wait for individuals to ask for changes to be made.

Turbulent times for aircraft financing - a practical guide to repossession and deregistration of aircraft from Cayman

The Convention on International Interests in Mobile Equipment and the Protocol on Matters Specific to Aircraft Finance (the Cape Town Convention) has been extended to the Cayman Islands.

Watchdog gives US data sharing warning

For inter-group transfers, you could also consider Binding Corporate Rules, remembering that these must be approved in advance of any transfers by the JOIC.

Relying on Digital ID for AML/CFT Purposes in Jersey and Guernsey

This is in line with the position taken by the Financial Action Task Force (“FATF”) – the intergovernmental body whose Recommendations are the accepted international standard on AML / CFT – and followed by many other regulators aro

The U.S. Is a Haven for Money Laundering. That Might Be About to Change.

Tucked into the sprawling defense authorization bill are measures to create a corporate ownership registry, which would plug one of America’s glaring gaps.

FCO: ‘Disappointed’ in Domestic Partnership Bill defeat

Defeat of bill shifts decision to Privy Council, British government

Leonteq Announces New Partnership with Banque Internationale À Luxembourg

Leonteq and Banque Internationale à Luxembourg SA (BIL) have initiated a partnership for the issuance and distribution of structured investment products.

More firms should access coronavirus loans following IoD lobbying

CBILS will continue to be an important lifeline for firms, especially as some have fallen through the gaps of relief schemes that are now winding down.

Applications welcome for second phase of payroll co-funding scheme support

This support will take the form of a reimbursement scheme, as it did in the first phase

'Trust me' - from here to indemnity

Indemnities can be inappropriately drafted so as to be either too broad or too narrow in scope.

JFSC committed to helping industry with KYC utility

The JFSC also had further discussions with individual firms, trade associations and technology providers. The main findings from the working group are:

Caribbean Business And Finance Report

The former head of research at the Caribbean Development Bank added that this could be done through a digital platform that would allow for the ease of trading of the securities “where anyone can go onto their phone and sell their security, receive

Regulation, Risk & Compliance